Another sign of regulatory actions and dysfunctional congress allowing big chunks of our economy and capital markets to move overseas.

Cannabis companies going public look to Canada

More companies looking to break into the CBD industry are turning to the Toronto Stock Exchange to attract investors. Lou Eccleston, CEO of TMX Group, told Yahoo Finance that “there’s a lot of pent up demand” for cannabis companies to go public. Brian Sozzi and Alexis Christoforous sit down with Eccleston to discuss how the trade war is affecting the cannabis industry and how and where the space will continue to grow.

2Summit recently completed a secondary offering of roughly 4.1 million shares at $1.33 per share for gross proceeds of about $5.4 million. We are pleased that they were able to put some additional needed working capital in the bank, although we were not particularly happy about the pricing it was done at. We won’t re-beat the dead horse, but as we have noted many times, for small emerging companies like Summit that are dependent on equity raises until they can advance the business to positive cash flow, the specter of unknown amounts of additional dilution can provide significant headwinds for share prices. Below is some narrative we provided in our recent conference overview of the Company, that we think is still germane and provides a good backdrop for our allocation increase: We commenced coverage of Summit in September 2018 with a 12-24 month price target of $9.25.

H-Source Holdings Ltd. (“HSI”)is a technology company operating within the healthcare industry. H-Source has developed a proprietary hospital-to-hospital transaction platform that provides a private, secure and trusted marketplace for member hospitals to buy/sell/transfer excess inventory supplies and capital equipment with each other. Members can conduct secure transactions within Integrated Delivery Networks (IDNs), Group Purchasing Organizations (GPOs), the complete H-Source network, or customize their own group of hospitals using our built-in filters and reporting. This network is designed specifically to reduce health care costs and medical products waste. The Company was incorporated in 2014 as the vision of Company Founder Murray Walden. Mr. Walden spent 15 years as “a medical device sales representative and manager for multiple companies ranging from specialty distributors to Fortune 500 companies”. During that time, he developed a considerable base of tribal knowledge regarding the healthcare industry, especially with respect to hospital supply chains, inventories and other critical processes as well as a deep understanding of major industry components such as Group Purchasing Organizations “GPO” and Integrated Delivery Networks “IDN”. That experience led him to the founding/development of the H-Source platform/marketplace. In the process of forming the Company, Mr. Walden solicited the help of current CEO John Kupice to help develop a business plan and other critical parts of the launch. As we will illustrate further in this report, Mr. Kupice’s professional endeavors included a variety of disciplines that were particularly germane to the platform H-Source was attempting to develop including healthcare, technology and finance experiences.

HICKSVILLE, NY, May 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer, and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, isolate, gel caps, and concentrate is pleased to announce that its Annual Shareholder Meeting will take place on Friday, June 14.

We have not provided many individual updates on Alvopetro since the initiating coverage (although we have provided some research notes to our subscribers). Succinctly, we generaly put out notes around the earnings releases, and since the Company is for all intents and purposes pre-revenue(aside from some limited well participation)the earnings updates are not particularly telling. That said, the Company did recently make an announcement that we think is important:

May 10, 2019CALGARY , May 10, 2019 /CNW/ -Alvopetro Energy Ltd. (TSX-V: ALV; OTCQX: ALVOF) announces that INEMA, the Bahia State environmental regulator, has issued the environmental installation permits required to commence the construction of our strategic midstream infrastructure (100% Alvopetro) underpinning the commercialization of our Caburé natural gas field (49.1% Alvopetro). This midstream infrastructure includes an 11-kilometre transfer pipeline and the construction of a gas treatment facility (the "Facility"). All pipe for the transfer pipeline has already been shipped to the field staging area and our contractor is ready to commence field installation. Our Facility is being constructed by Enerflex Ltd. whereby they will construct, own and operate the Facility. Enerflex is responsible for all operations and maintenance of the Facility and is warrantying the delivery schedule and on-stream performance of the Facility. Initial equipment for the Facility has been assembled, tested, and is ready for shipment to Brazil. Alvopetro expects to start natural gas deliveries from the Caburé field in early 2020. Our natural gas is being sold under our long-term gas sales agreement with Bahiagas, the local distribution company for the state of Bahia. Corey Ruttan , President & CEO, stated "This is a very important development for Alvopetro, and the state of Bahia. These highly strategic midstream assets provide the platform to unlock the natural gas potential in Alvopetro's assets and more broadly in the Recôncavo Basin. This is a transformational time for Alvopetro as we move toward commercial production and cash flow. Our Caburé project, alone, has the ability to generate attractive returns for our shareholders while also providing the free cash flow to reinvest in our portfolio of high impact upstream opportunities."

NEW YORK, May 16, 2019 (GLOBE NEWSWIRE) – Donald Capital, LLC has launched today as a FINRA member Investment Bank. Founded with the intent to build a legacy based upon the fundamentals of honesty and integrity.

Donald Capital will focus on a market that has not been properly served for some time – the Private, Micro, Small & Mid Cap Markets.

Co-founders Alex Hamilton and Don McDonald have launched several initiatives over their extensive careers to serve this part of the market. They are very familiar with the challenges facing companies in this market and have the unique perspective to provide solutions.

In addition to our ongoing growth in distribution we have added a new very important distribution partner in Quote Media.

https://www.quotemedia.com/

They are the premier provider of quote and news services to the financial Industry in North America. They current have some 675 subscribers and publishers of their quote and news feeds including major stock exchanges like NASDAQ and the Toronto Stock Exchange and an extensive list of portfolio managers both in North America and abroad.

All Research updates, releases and news articles will automatically be uploaded from SMM to Quote Media through our RSS feed and will be then ticker tagged and distributed across the Quote Media network in real Time.

This will begin next week and is provided by SMM at no additional charge.

If you have any questions, please feel free to email or give me a call.

ValuEngine Market Valuation update for the week of May 31, 2019. Stock pick of the week is ticker SE (Sea Ltd). The recent pullback in market prices means that ValuEngine models show over 69% of stocks covered are undervalued, a favorable indicator. Stock pick this week is SE (Sea Ltd). www.ValuEngine.com to log in, or free … Read more